L&T looks overseas to offset weak home market; Q4 net profit falls
India's largest engineering and construction group, will look overseas to offset a weak economy and project bottlenecks at home that led to a bigger-than-expected profit drop. Article | Full Coverage
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MARKET EYE-SGX Nifty falls; Asian shares steady
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* Nifty futures on the Singapore Exchange fell 0.15 percent. The MSCI-Asia Pacific index excluding Japan fell 0.04 percent. * Asian shares steadied on Friday after falling nearly 2 percent this week amid concerns about the looming U.S. "fiscal cliff", while Japanese stocks rallied for a second day on expectations of further monetary policy easing after an election next month. * Foreign investors bought 464.5 million rupees of stocks on Thursday, when the BSE index fell 0.79 percent, provisional exchange data showed. * The inter-ministerial panel meeting on coal block allocations to state-run firms resumes after Diwali holidays. (abhishek.vishnoi@thomsonreuters.com)
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